Warren Buffett Quotes

Thursday, January 26, 2012

VELJAN DENISON - RESULT UPDATE

Veljan Denison is one of my old recommendations @ Rs.375 /-. After hitting a high of Rs.456 , it is now trading around Rs.307. Recently company allotted shares on rights basis in the ratio of 1:4 at a price of just Rs.10/-. Effectively cost per share reduced to Rs.320/- Company also declared a dividend of  75 %  .For the quarter ended December 2011, company posted a turnover of Rs.23 Cr v/s Rs.18 Cr and a net profit of Rs.5.5  Cr v/s Rs.3 Cr .Nine month profit jumped to Rs.10.8 Cr v/s Rs.6.8 Cr and EPS is Rs.48/- on the expanded equity .Recommending a HOLD at CMP of Rs.307/-

Old posting HERE


11 comments :

  1. Hi

    Thank you very much for recommending this company. I am expacting that Velajn should close the year with EPS of about Rs 70.
    Veljan should give great returns over next 18 months time.
    This company can be a true multy bagger, during bullish market Veljan trades at PE of 10 and that would be time to exit from this company.

    Presently thumping buy.

    ReplyDelete
  2. Sir,

    There is a tyoing error.
    instead of DEC 11 it is mentioned Dec 10.

    Regards

    ReplyDelete
  3. Hi Valuepickji,

    What's your take on VENKY's India at CMP? iTS been beaten down with other stocks.

    Do you find value in this for a long term perspective?

    regards,

    ReplyDelete
  4. DEAR VALUE,
    WHAT DO U THINK ABOUT ZEE LEARN?
    PATIDAR

    ReplyDelete
  5. Can VELJAN DENISON can be bought at these levels? Please suggest

    ReplyDelete
  6. Good to buy Venky's in a correction below Rs 400 for long term

    ReplyDelete
  7. Dear PATIDAR

    Not tracking Zee learn

    ReplyDelete
  8. Can VELJAN DENISON be accumulated at the current levels?

    ReplyDelete
  9. Hi Sir,
    Is it time to enter Heritage foods.

    Deepak

    ReplyDelete
  10. Hi Sir,

    I am sure you would have analyised last quater results of veljan. I would appriciate if you could shed some light on it .
    Thank you

    Anand

    ReplyDelete

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